Ericsson (NASDAQ: ERIC) today
announced it has started exporting 5G-ready telecom equipment from its
manufacturing facility in Pune, Maharashtra to markets in Southeast Asia. The
initial shipments consisting of Ericsson’s 5G-ready radio base stations and
microwave equipment for 2G, 3G and 4G technologies have been delivered to
Indonesia, Singapore and Thailand.

Ericsson is looking to add more
Southeast Asia markets to its list of countries to which its facility in India
exports products from the Ericsson
Radio Systemportfolio. The
announcement was made in the presence of Shri Narendra Modi, Hon’ble Prime
Minister of India at the India Mobile Congress 2018.

Nunzio Mirtillo, Head of Ericsson South
East Asia, Oceania and India,
said: “Ericsson has been in India
for well over 100 years and we were the first company to start manufacturing
telecom equipment in the country in 1994. Our state-of-the-art facility will
continue to cater to the domestic market even as we commence exports to other
markets in Southeast Asia. We remain committed
to the Government’s “Make in India”
program and strongly believe in the potential of the Indian market.”

Ericsson set up a state-of-art
manufacturing facility in Chakan, Pune in 2016 with an initial investment of
USD 20 million. This facility has been catering to the domestic demand so far
and the company plans to ramp up capacity once the export volumes pick up.